As we can see Bank Nifty is playing in range since last week. Bank NIFTY is on its high peak and trying to stable just below the high. Folks, always remember Bank NIFTY highest high will be the strongest resistance ever seen. Yesterday's tough market gives me almost 29 points in option buying for put option. The reason why I made it, the move breaks the box and the time was almost 3 o'clock. Whole day it place into the box. As we can see I have lost near about 8 point of stop loss at market point due to false breakout for call option.
6 jun important levels
If flat opening
44158, 44260 : resistance
43863,43700 : Support
For huge gap up that is if Bank Nifty opens above 44260 then 44480 will be the resistance
For huge gap down that is if Bank Nifty opens between 43863 - 43700 or below 43700, then 43455 will be the next support line.
6 jun important levels
If flat opening
44158, 44260 : resistance
43863,43700 : Support
For huge gap up that is if Bank Nifty opens above 44260 then 44480 will be the resistance
For huge gap down that is if Bank Nifty opens between 43863 - 43700 or below 43700, then 43455 will be the next support line.